Coastal Corporation subsidiary secures ₹361.73 crore ethanol supply orders for ESY 25-26
Coastal Biotech, a subsidiary of Coastal Corporation, secured orders to supply 56,521 Kiloliters of Ethanol to OMCs and Reliance Jio BP for ESY 25-26, valued at approximately ₹361.73 crore.
The estimated combined order value of ₹361.73 crore is substantial and is expected to have a high positive impact on the company's financials and revenue for the Ethanol Supply Year 2025-26.
The company's subsidiary has secured significant new orders for ethanol supply, indicating strong business growth and revenue potential.
Coastal Biotech Private Limited, a subsidiary of Coastal Corporation Limited, has received significant ethanol supply allocations under the Ethanol Blended Petrol Programme (EBPP) for Ethanol Supply Year (ESY) 2025-26: * Allocated 45,441 Kiloliters of Ethanol from Oil Marketing Companies (OMCs) including Bharat Petroleum Corporation Limited, Indian Oil Corporation Limited, Hindustan Petroleum Corporation Limited, and Mangalore Refinery And Petrochemicals Limited. * Allocated 11,080 Kiloliters of Ethanol from Reliance Jio BP. * The combined estimated order value is approximately ₹361,73,44,000 (₹361.73 crore) (Excluding GST). * The total quantity of Ethanol to be supplied is 56,521 Kiloliters. * The orders are domestic and are to be executed during ESY 2025-26.
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Coastal Corporation Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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